Gold mining company Quimbaya secures $4 million funding and reinforces its management team.
**Quimbaya Gold Secures $4 Million in Funding for Colombian Gold Exploration**
Quimbaya Gold Inc., a company focused on discovering gold resources through exploration and acquisition of mining properties in Colombia, has successfully completed a non-brokered private placement, raising $4 million in total financing as of late June 2025. This upsize from the initial $2 million was driven by a cornerstone investment from a strategic investor group with a long-term outlook and a successful track record of supporting exploration and development projects in South America.
Sebastian Wahl, who has served on the company's board of directors for the past six months and played a pivotal role in shaping its strategic direction and external positioning, has been appointed as Vice President, Business Development of Quimbaya Gold Inc.
The funds raised will be used to advance exploration programs, including drilling at the Tahami South project. This project is one of three that Quimbaya Gold is managing, the others being the Berrio Project and the Maitamac Project, all located in Antioquia Province, Colombia. The company is managed by an experienced team in the mining sector.
Each unit consists of one common share and one common share purchase warrant. The price per unit was C$0.35, raising gross proceeds of $4,033,854. Each warrant entitles the holder to acquire one share at a price of C$0.60 for 36 months.
In addition, Quimbaya Gold has granted an aggregate of 1,730,000 restricted share units (RSUs) and 1,655,000 stock options to certain directors, officers, advisors, and consultants of the Company.
Certain statements contained in this press release constitute "forward-looking information" as that term is defined in applicable Canadian securities legislation.
Quimbaya Gold's CEO, Alexandre P. Boivin, expressed optimism about the backing received and the potential to demonstrate the portfolio's value further through upcoming drilling. He emphasized the company’s commitment to "smart, disciplined execution."
The funds from the private placement will also be used for follow-up work on regional copper-gold and gold targets, and for general working capital. Following the successful completion of its private placement, Quimbaya Gold Inc. is well-funded into 2026.
Earlier in 2025, Quimbaya completed key land acquisitions within the Tahami project area, securing access to 1,624 hectares through contract concessions, which complements their exploration strategy and drilling activities.
With this funding and strategic backing, Quimbaya Gold is positioned to potentially unlock significant value from its Colombian gold assets in the near term.
Jason Frame serves as the Manager of Communications for Quimbaya Gold Inc. For more information, please visit [Quimbaya Gold's website](http://quimbayagold.com/).
The successful funding of $4 million in Quimbaya Gold Inc. will allow the company to advance its exploration programs, particularly drilling at the Tahami South project. This capital influx will also enable the company to pursue follow-up work on regional copper-gold and gold targets, and maintain its working capital, setting the stage for potential investing opportunities in the mining sector amidst market trends.
